#1 Lawmakers Reach Tentative Bailout Deal09-28-2008, 08:22 AM
Lawmakers Reach Tentative Bailout Deal
Top U.S. policy makers emerged from hours of tense negotiations with a clear message just after midnight Sunday morning: A deal to bailout U.S. financial markets has been agreed on and all that remains to be done is to commit the legislation to paper.
Treasury Secretary Henry Paulson, House Speaker Nancy Pelosi (D., Calif.), and Senate Majority Leader Harry Reid (D.), were flanked by key negotiators in the Capitol as they announced that a $700 billion plan to have Treasury buy up toxic assets had been all but finalized after hours of exhausting negotiations.
"I think we're there," an exhausted Mr. Paulson said, a sentiment echoed in the statements of negotiators such as House Financial Services Chairman Barney Frank (D., Mass.) and Senate Banking Committee head Christopher Dodd (D., Conn.).
09-28-2008, 10:02 AM
Sounds like they dropped the ACORN shit...May the FORCE be with you!
09-28-2008, 10:36 AM
- Join Date
- May 2008
- Northern Virginia
Yes, and they're not just handing over the whole pile of money and not asking any pesky questions, as the original Paulson/Bush plan wanted."Today, [the American voter] chooses his rulers as he buys bootleg whiskey, never knowing precisely what he is getting, only certain that it is not what it pretends to be." - H.L. Mencken
09-28-2008, 04:05 PM
- Join Date
- Sep 2008
Somehow ... I knew they would find a way to would pass the bailout. I'm psychic that way. :eek:
09-29-2008, 04:00 AMHouse Financial Services Chairman Barney Frank (D., Mass.)Senate Banking Committee head Christopher Dodd (D., Conn.).
- Join Date
- Jun 2005
- Woodland Park, Colorado, United States
Also, has the Sec Treas. resigned yet? If not, why not?
What are the plans to pay back the taxpayers for this Communist piece of legislation?
Am I now a part owner of some banks?
Will I be expecting some stock certificates in the mail soon?Education without values, as useful as it is, seems rather to make man a more clever devil.
C. S. Lewis
Do not ever say that the desire to "do good" by force is a good motive. Neither power-lust nor stupidity are good motives. (Are you listening Barry)?:mad:
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